NEWS
Datasea Announces Fiscal Year 2024 Financial Results With Revenue 6.6X That of 2023 Primarily Due to Growth of Its 5G AI Business
Datasea Inc. (NASDAQ: DTSS) reported significant financial growth for fiscal year 2024, with revenue increasing by 558.6% to $24.0 million, primarily due to the rapid expansion of its 5G AI multimodal digital business in China. The company's capital reserve balance increased by 61.3% to $39.0 million, while noncurrent liabilities decreased to zero.
Key highlights include:
Technological advancements in 5G AI multimodal digital technology
Expansion of acoustic product distribution in the U.S. market
Partnerships with major clients and retailers
Launch of new acoustic health products
CEO Zhixin Liu emphasized the company's commitment to technological innovation and global expansion strategies in both the 5G AI and acoustics businesses.
Key highlights include:
Technological advancements in 5G AI multimodal digital technology
Expansion of acoustic product distribution in the U.S. market
Partnerships with major clients and retailers
Launch of new acoustic health products
CEO Zhixin Liu emphasized the company's commitment to technological innovation and global expansion strategies in both the 5G AI and acoustics businesses.
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